Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. cut its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,233 shares of the bank’s stock after selling 3,882 shares during the period. Wrapmanager Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $219,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BBVA. Rothschild Investment LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the second quarter worth about $40,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $43,000. Benjamin F. Edwards & Company Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 67.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,990 shares during the period. Russell Investments Group Ltd. increased its position in Banco Bilbao Vizcaya Argentaria by 48.2% during the first quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock worth $69,000 after purchasing an additional 1,882 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the third quarter worth approximately $72,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BBVA. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA opened at $9.87 on Wednesday. The company has a market capitalization of $57.62 billion, a P/E ratio of 5.67, a PEG ratio of 0.97 and a beta of 1.31. The company has a 50-day moving average of $10.18 and a 200-day moving average of $10.31. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $8.63 and a 1-year high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were issued a $0.3244 dividend. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s payout ratio is currently 29.31%.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.